Who will regulate it? It’s not possible. There is also no mechanism by which the schools can interfere in private enterprise. Unfortunately NIL is here to stay.
This has the feel of cord cutting.
Everyone is excited to ditch cable/satellite.
But after a few years it sets in that it really changes nothing.
You are paying more for all your streaming services than you were on cable
I guess you could have some schools go rogue and raise more than the 20 something million but the thing is the schools will want control of the spending still.
100% out side money is still going to go to players ...
also this is the start not the end . football and basketball players .. are going to sue again .. (why should they be funding all the other sports with their "share")